UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: OCTOBER 26, 2004
SPACEDEV, INC.
(Exact Name of Registrant as Specified in Charter)
COLORADO 000-28947 84-1374613
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification Number)
13855 STOWE DRIVE
POWAY, CALIFORNIA 92064
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (858) 375-2030
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement
Effective October 20, 2004, SpaceDev, Inc. was awarded the second Task Order in
a five-year, cost-plus-fixed fee indefinite delivery/indefinite quantity
contract to conduct a micro satellite distributed sensing experiment, an option
for a laser communications experiment, and other micro satellite studies and
experiments as required in support of the Advanced Systems Deputate of the
Missile Defense Agency originally awarded on March 31, 2004. This second Task
Order has a value of $8,257,283 out of the total contract amount of $43,362,271.
The value of the first Task Order was $1,141,404, which was successfully
completed by September 30, 2004. The period of performance for the second Task
Order is approximately sixteen months, i.e., October 1, 2004 through January 31,
2006. The principal place of performance will be Poway, California. The micro
satellite distributed sensing experiment is intended to design and build up to
six responsive, affordable, high performance micro satellites to support
national missile defense. The milestone-based, multiyear, multiphase contract
had an effective start date of March 1, 2004 for the first Task Order and
October 1, 2004 for the second Task Order. The overall contract calls for the
Company to analyze, design, develop, fabricate, integrate, test, operate and
support a networked cluster of three formation-flying boost phase and midcourse
tracking microsatellites, with an option to design, develop, fabricate,
integrate, test, operate and support a second cluster of three formation flying
microsats to be networked on-orbit with high speed laser communications
technology.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated as of October 26, 2004.
SPACEDEV, INC.
By: /s/ Richard B. Slansky
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Richard B. Slansky
Chief Financial Officer